Construction & Real Estate

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Buying a home is a dream for many, however the financial commitment can be daunting (Shutterstock).
September 18, 2014 - 04:55 GMT
That “dream” home can quickly turn into a nightmare if you’re constantly struggling to make payments on it.

August 27, 2014

Construction represents an increasing share of overall gross domestic product (GDP)
11:55 GMT

The construction sector grew 2% while the cost of key materials including cement, ready mixed concrete, and reinforcement steel grew over 6% in the last quarter,

AKOYA Oxygen
08:04 GMT
(press release)

One of Dubai’s leading luxury developers, DAMAC Properties, has brought forward the second release of units at its latest master development, AKOYA Oxygen, following ‘unprecedented’ customer demand.

The project is due to be completed in late 2015 (Image: Tecom Investments)
07:50 GMT

Tecom Investments launched a new 440-villa project close to its DuBiotech business park in Dubai, due for completion in Q4, 2015, according to the National.

August 26, 2014

A construction site in Beirut displays a huge banner for a building, August 12, 2013 (File/AFP)
09:31 GMT

Figures for construction permits being issued in Beirut dropped slightly by 0.2 percent in 2014. Numbers varied for other cities and towns across Lebanon.

Balfour Beatty, Carillion and Mott MacDonald are a few of the firms to win contracts (File/AFP)
06:52 GMT

The UK's top construction firms have won infrastructure contracts worth $1.65 billion to build roads, hotels, museum projects and drainage networks for World Cup 2022 in Qatar.

August 25, 2014

The Specialist Services deal follows a previous project triumph for the same development by Leighton Offshore (File/AFP)
12:42 GMT

Dubai's Specialist Services won a contract from Petrofac to build local equipment and control rooms for its Island Surface Facilities Project.

Masood Al Awar, CEO, TASWEEK Real Estate Development and Marketing
09:42 GMT
(press release)

TASWEEK Real Estate Development and Marketing, has announced the recent joint venture project handover of the fully completed The Haven Lakeside Residences.

Around 607 apartments will be leased out at the Gate Towers development on Al Reem Island (Image: Urbanarches)
08:41 GMT

Abu Dhabi's leading property development company, Aldar Properties, secured a bulk deal to lease 607 apartments to hospital employees working for a medical clinic.

August 20, 2014

“The market is finally showing real signs of recovery and prospective growth suggesting that the construction market will remain strong this year,” he added.
19:55 GMT

Megaprojects in the pipeline and the ramping up of social infrastructure spend is boosting the market, says new report.

AKOYA Oxygen
06:11 GMT
(press release)

Following the success of AKOYA by DAMAC launched last year, DAMAC Properties announced today the introduction of a second master development in Dubailand, set to be the largest in the area.

Masood Al Awar, CEO, TASWEEK Real Estate Development and Marketing
05:55 GMT
(press release)

The role of advanced ‘smart’ concepts such as ‘Big Data’ and ‘Cloud Computing’ in the development of genuinely ‘smart cities’ will be extensively covered through discussions and exhibitions at the Smart Living City – Dubai 2014 expo.

Under the scheme, stranded workers can seek a job with employers whose job opportunities match their profession.
04:55 GMT

Labor Ministry spokesman Tayseer Al-Mufarrej said that the new arrangement was aimed at protecting the interests of both sponsors and workers during their contractual period of employmen

August 18, 2014

Lagging behind the Saudis, Qatari citizens captured 23 percent of the GCC property investments in Dubai, followed by the Kuwaitis (13 percent), the Omanis (7 percent) and the Bahrainis (4 percent)
11:26 GMT

Citizens of the UAE captured the highest portion of property investments in Dubai valued at more than AED12.5 billion ($3.5), the DLD report said.

The Saudi woman should be the sole breadwinner for the family and not her husband. In the second case,
04:55 GMT

The housing crisis in Saudi Arabia is considered to be one of the biggest problems in society as over 70 percent of Saudi nationals do not own their own homes.

August 14, 2014

 Drake & Scull’s profit for the period dropped to 25.9 million dirhams from 44 million dirhams a year earlier.
23:25 GMT

“The payment situation for contractors hasn’t improved since the beginning of 2013” even as the Dubai economy strengthens,